Let’s do some arithmetic. A company takes in $4 million in total revenue. To accomplish this, it spends $62 million.
Net loss: $58 million.
How much would you pay to buy this company? https://mastodon.social/@GottaLaff/112196716174826637
It depends on your goals. If "profit" is that goal, then it makes zero sense.
If, however, you're after political influence and/or laundering a bunch of foreign cash, well then.. let's fire up the money incinerator!